micro-entrepreneurship

Micro-entrepreneurship refers to small-scale business ventures typically run by individuals or very small teams. These businesses often operate with limited resources and focus on meeting local needs or niche markets. Examples include local artisans, home-based services, or small retail shops. Micro-entrepreneurs often invest their own savings, emphasize personal service, and may not require formal education or extensive experience. This approach not only fosters local economies but also empowers individuals to create their own income and work on their terms, contributing to innovation and diversity in the marketplace.